Dallas Short Sales:
Do I qualify for a short sale?
Scenario:
"I recently purchased another home and tried to sell my former home. It
isn’t selling and I can’t afford to make both payments. The home won’t rent for
even 1/2 of the mortgage payment.
An agent told me the house is worth about $50K under the mortgage amount. Is it
realistic for me to try the short sale? The only hardship created was
when I decided to move to a larger home for family. Dan."
Email phillis@txhomerealty.com to discover how
other sellers successfully did a short sale and avoided foreclosure.
Here was our answer
to this scenario.
I think you can short sale your house.
Do you have a legitimate hardship?
I know you said you needed a larger house. However, if you also moved for a job
transfer, then most lenders would consider that a legitimate hardship.
A hardship is not black and white. Some lenders would consider your situation a
hardship. More often than not they will approve the short sale.
Others would not and won’t work with you on a short sale. In addition, the
lender may not work with you until you have missed a payment or two.
Whether or not you miss a payment is your decision. You should weigh your
options and decide whether or not you can live with the resulting credit
damage.
Many lenders will work with you on a short sale even before you have missed a
payment. If you were working with us, then we would help you. But, we would
have the expectation that it would be a 6-12 month process.
Make sure that you work with a competent short sale agent. Look for someone
that is a short sale expert. Ask them how many short sales they have sold.
Ask them if they have worked with your lender in the past. Then you will be
able to judge whether they are qualified to help you. Thinking about a short
sale?
I can help you short sale your property and get back on your feet. Send me an
e-mail at phillis@txhomerealty.com. I will contact you
for a free consultation.
When we talk, I will explain how the process works in detail and answer any
questions you may have. Or, if you prefer, you can call me at (888) 287-8945
Discover how other sellers successfully completed a short sale and request a
free consultation by emailing phillis@txhomerealty.com.
Thinking about a loan modification? Our Dallas loan modification kit has the
instructions you will need to get a loan modification approved with your bank.
Email phillis@txhomerealty.com to request a copy.
Thanks for reading this, Phillis Nealy.
Phillis is a Real Estate Agent at The Texas Group.
Phone: (888) 287-8945.
A Realty company with Service as Big as Texas
View My homes for sale at http://www.txhomerealty.com.
Phillis Nealy specializes in loan modification assistance and short sales in
Dallas Texas. Dallas Loan Modification Help, Dallas Short Sales. Texas Short
Sale Realtor Dallas TX Short Sales. Dallas Realtor.
Important Notice
Phillis Nealy, The Texas Group, and the Stop Foreclosure Institute are not
affiliated in any way, shape, or form with the government. Our services have
not been reviewed or endorse by the government or your lender. Most lenders
willingly work with agents on short sales. Why?
Because most short sales are beneficial to a lender. If you accept our offer to
help you on a short sale, your lender may not agree to a short sale or to
modify your loan. We do offer a loan modification kit.
However, the likelihood of negotiating a modification is like everything else
in life. It takes work and persistence to convince your lender to modify your
loan. No matter what you or we do, your lender may not approve a loan
modification.
We do not recommend that you stop paying your mortgage, because this will cause
damage to your credit and could cause you to lose your home. Because we know
avoiding foreclosure is so important to any homeowner, we recommend that you
speak with the appropriate legal or tax advisor before making any decision.
This is not intended as legal, technical, or tax advice. Please speak with a
licensed professional before making any decision. Information is deemed reliable
but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from your
lender if it does not meet your approval. If you decide not to go thru with the
short sale, then you do not have to pay us our fee. We normally make a real
estate sales commission for helping you on a short sale.
The views expressed here are Phillis's personal views and do not reflect the
views of The Texas Group.
This information on Dallas Short Sales: Do I qualify for a short sale? is
provided as a courtesy to our viewers to help them make informed decisions.
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